If you want to make a great investment when you are remodeling your home, you should probably do some serious research into which of the renovations and additions you want to make that will bring the greatest return on your money. Sadly, not all home remodeling projects are created equal, and some are worth almost nothing when you decide to sell your home.
Rather than be strapped into a renovation project that leaves you with nothing in the bank, choose one of these six remodeling projects that have proven over time that they have a high return.
1. Entry Door
For more than 30 years, professional designers have hyped the advantages of curb appeal when selling a home. Since first impressions do matter, locate a front door that looks expensive, but is constructed of steel. Buyers will want the added security of an unbreakable front door that looks amazing.
2. Replacement Windows
New windows can make your house sparkle with sunlight as it flows into every room in your remodeled home, but they can also lower energy costs, and that is something homebuyers look for when they are searching for a new home. According to homebuyers, energy efficient windows are one of the first things buyers look for in a potential property.
3. Garage Door
For a striking curb appeal on any home, a garage door can be one of the best investments you can make in your home remodeling projects. You may end up spending between $3,000 and $5,000, but statistics show you will recoup almost every penny when you sell your home.
4. Backyard Deck
When you add a deck to your house, it is the same as building a few new rooms at a fraction of the cost. Buyers will be impressed with an outdoor space that allows them to entertain, relax, or watch their children play in the yard. You can’t go wrong with a deck, and resale values clearly show you will have a return of over 87 percent when you sell your home.
5. Updated Kitchen
Costs can quickly get out of hand when you begin remodeling your kitchen, so rather than tear everything out and start over again, try a minor kitchen update that makes your current kitchen sparkle at a fraction of the cost. Choose new handles for your cabinets, an updated counter-top, and some modern faucets for a clean updated look.
6. Renovated Bathrooms
The old adage that renovated bathrooms can sell a home is still true. Buyers look for impressive bathrooms, and when they remember homes they have viewed, it is often the bathroom and kitchen they recall. If you want to sell your home quickly, update the bathroom with new faucets, a huge mirror, lots of storage, and stick to neutral wall colors.
Remodeling your home to receive the highest return is easier than you think when you use the six tips listed above. While the renovation industry has exploded and you may not know which remodeling project will help you sell your home, you can be sure the items on this list have proven themselves over time.
